Portfolio Rate Spread Over Time
Monthly average spread across all properties: Occupied Rate minus Standard Rate ($/SF/mo). Positive = tenants paying above current street rate; negative = tenants below street rate (recently acquired properties pulling average down as leases ramp).
Above street rate (occ > std)
Below street rate (occ < std)
Occupied Rate vs. Standard Rate — Portfolio Average ($/SF/mo)
The gap between lines shows how existing tenant rates compare to what new tenants would pay today. When the occupied rate (solid) exceeds the standard rate (dashed), the existing book is priced above market.
Occupied Rate (current tenants)
Standard Rate (street / marketed rate)
Properties Above vs. Below Street Rate
Monthly count of properties where occupied rate exceeds the standard rate. Reflects portfolio-wide pricing momentum.
Spread Distribution — Latest Month
Distribution of rate spread (occ minus std) across all properties in the most recent period. Positive = above street.
Property-Level Rate Analysis
Click any row to view the full rate history for that property
| Property | Acquired | Latest Occ Rate | Latest Std Rate | Spread (Occ − Std) | Latest Unit Occ | Avg Spread (All Time) |
|---|
Notes: Occupied Rate reflects the blended per-SF rate currently paid by existing tenants. Standard Rate is the advertised street rate for available units. A positive spread (occupied above standard) indicates existing tenants are locked in at rates above current market — a function of disciplined rate management and controlled new-tenant pricing. Negative spread is expected in early lease-up phases for recently acquired properties. Data sourced from property management system exports through April 2026.